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Accounting in Australia

Up-to-date information and background knowledge can help support and grow your business internationally. On this page you can access a range of articles, books and online resources providing quick links to information such as accounting standards, GAAP comparisons and background knowledge.

Accounting in Australia Up-to-date information and background knowledge can help support and grow your business internationally. On this page you can access a range of articles, books and online resources providing quick links to information such as accounting standards, GAAP comparisons and background knowledge.

ICAEW is now accredited by the Australian Tax Practitioners Board (TPB) as a Recognised Tax Agent Association.

This means ICAEW members in Australia providing tax agent services have a registration pathway option to become registered as an individual tax agent with the TPB, for the purpose of meeting qualification and experience requirements.

The TPB administers a system for the registration of tax agents under the Tax Agent Services Act 2009, which requires that individuals and entities providing tax agent services for a fee or other reward are required to register with the TPB. Further details about how to register with the TPB are set out here.

The TPB has specific requirements in relation to a tax agent’s professional indemnity (PI) Insurance which are set out here.

For those registering we draw your attention to the TPB requirements in relation to annual continuing professional education (CPE). These requirements are available here.

Accounting standards

Australian Accounting Standards Board (AASB)
The official source for full text standards, available in PDF format with additional supporting notes.

Accounting Standards Updates by Jurisdiction: Australia
Updates from Deloitte's IAS Plus service.

Accountancy associations and groups

For regional organisations and networks, see our list of international accountancy bodies

Comparisons

AIFRS and IFRS – Comparing the differences
Article presenting a summary of key differences.

Model financial statements

Model financial statements – Australia
Example accounts produced and regularly updated by Deloitte member firms to help users prepare reports in compliance with local GAAP.

Endeavour (International) Limited
An illustrative financial report for Australian companies produced by EY for 31 December 2016 (and 30 June 2017) year ends. The report has been prepared in accordance with Australian Accounting Standards.

IFRS adoption

Use of IFRS standards by jurisdiction: Australia
Country profile prepared by the IFRS Foundation with notes on the extent of IFRS application, relevant jurisdictional authority, IFRS endorsement and translation of standards.

ICAEW contact members

Contact member in Australia
ICAEW’s network of Contact Members around the world are a point of contact for enquiries and act as ambassadors in promoting ICAEW's strategy and brand in each region.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles and books in the Library collection

Selected books

Each selected book features specific accounting information on this country; click on the links for more details. Alternatively, contact us if you have a particular enquiry or need further help consulting these titles.

International Corporate Procedures
LS Sealy et al (eds.)
This regularly updated database includes information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country with original language and English language versions presented together. Contact us to request documents from the database.

World Accounting
Kurt S Schulzke (ed.)
Each country entry contains sections on the framework of accounting (including the regulatory and standard setting regimes), individual accounting topics, auditing and appendices which can include commonly used terms and acronyms and example financial statements. This is a regularly updated looseleaf reference work in three volumes.

Find more resources

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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